The company confirmed that it would shut down its Black Box game studio in Vancouver, Canada, and move the teams to its studio in Burnaby, British Columbia. At the same time, EA said it would continue to invest in new games, including mobile games and online games.

The company will take a restructuring charge of $55 million to $65 million over the next several quarters. It remains to be seen how Wall Street will react to the changes. The company bulked up in the past few years as it shifted its focus to higher-quality games based on original content, rather than content licensed from movies. But it faces tough competition and its new original titles didn’t do as well as hoped during the current holiday season. One of the bigger disappointments was Spore, which has sold millions of units but hasn’t lived up to its hype.